In partnership with the ASF Group Limited (ASX: AFA), CMR are pleased to announce their substantial uplift coal resource discovered on their wholly owned Queensland coal project – Dawson West (EPC 2427 & 2426) CMR has identified a new coal precinct that is located 40kms southwest of the township of Moura and close to coal […]
In the face of withering coal prices and a soft market, Glencore is still predicting long term viability for thermal coal. In its sell-side analysts’ visit in regards to its coal operations last week, Glencore’s head of coal marketing and assets, Tor Peterson and Peter Freyberg respectively, outlined the current state of Glencore’s coal assets […]
CMR Coal (“CMR” or “the Company”) is pleased to announce that on 9 September 2014 it applied for a Mineral Development Licence (MDL) over its Dawson West Project (EPC 2427) in the Bowen Basin, Queensland. On 11 September 2014 confirmation was received from the Queensland Department of Natural Resources and Mines, accepting the MDL Application […]
CMR’s Cracow Project comprises two EPC’s (2386 & 2421), covering a total area of 370km2 overlaying the eastern Bowen Basin near Moura and the Port of Gladstone. The primary target for the Cracow Project is metallurgical coal in seams at shallow depths within the Back Creek Group (Buffel Formation), with an estimated exploration target between […]
China-Australian investment house ASF Group (ASX:AFA) has added to its asset base by acquiring control of a coking coal portfolio of 27 Exploration Permits in Queensland. The portfolio to be acquired includes prospective future hard coking, PCI and thermal coal projects ranging from potentially immediate to longer-term development timeframes. ASF will acquire a 68.205% equity […]
AUSTRALIA: Following a review of environmental studies, on August 9 Queensland’s Coordinator-General approved Waratah Coal’s A$6·4bn project to develop a mine near Alpha and build a heavy haul railway to port facilities at Abbot Point. The state approved the proposal subject to ‘strict development and operating conditions’. Federal approval is also required before the project […]
In partnership with the ASF Group Limited (ASX: AFA), CMR are pleased to announce their substantial first resource discovered on their wholly owned Queensland coal project – Dawson West (EPC 2427) CMR has identified a new coal precinct that is close to infrastructure and the townships of Moura & Theodore in central Queensland; Exploration has […]
The $4.2 billion Kevin’s Corner coal mine in the Galilee Basin has been approved by the Coordinator-General, reaffirming the Newman Government’s commitment to boosting Queensland’s economic development. The Kevin’s Corner project, by proponent Hancock Galilee Pty Ltd, proposes a 30 million tonne per annum (mtpa) underground and open-cut coal mine and other associated infrastructure 65 […]
SMALL coal miners can deliver projects cheaper and quicker than the established heavy hitters, Stanmore Coal boss Nick Jorss has told the Australian Investors Association. With the recent industry restructuring across Queensland mines and the culling of thousands of contractors and staff, Mr Jorss said the hardline focus on cost rationalisation would continue. “Recent write-downs […]
INDIAN giant GVK and rail company Aurizon are combining to develop the $6 billion rail and port infrastructure needed to unlock the Galilee Basin’s central Queensland coal resources. The companies announced yesterday a non-binding term sheet to progress the development. “This is one of the most significant deals in Queensland’s coal history,” GVK chairman GV […]